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Citibank Maxigain Savings Account

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Old 01-05-2019, 11:44 PM   #5341
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rough calculation is $310?
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Old 02-05-2019, 02:39 AM   #5342
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where to open citibank maxigain account? can go to those mrt one or some specific one? 70k they will give Citi Priority Debit Mastercard better?
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Old 02-05-2019, 03:41 AM   #5343
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Yes you may withdraw the interest only in the following month without affecting counter.
thank you in this case does it make a difference if we withdraw on 30th when interest is credited or on 1st of following month? based on your tnc seems to have no impact. Just trying to understand if the date really matters
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Old 02-05-2019, 05:19 AM   #5344
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May I know what is the Sibor rate for Apr interest ?
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Old 02-05-2019, 07:09 AM   #5345
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where to open citibank maxigain account? can go to those mrt one or some specific one? 70k they will give Citi Priority Debit Mastercard better?
this is dangerous if you used too much and cause $ lower than a month before
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Old 02-05-2019, 09:40 AM   #5346
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May I know what is the Sibor rate for Apr interest ?
My calculation is 1.771300%
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Old 02-05-2019, 09:50 AM   #5347
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My calculation is 1.771300%
I got 1.8233%

1.77% dont seem right
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Old 02-05-2019, 10:11 AM   #5348
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I got 1.8233%

1.77% dont seem right
Closer to 1.85% as April has 30 days
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Old 02-05-2019, 11:00 AM   #5349
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means there are no maximum interest cap, if sibor keep getting higher and higher
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Old 02-05-2019, 11:03 AM   #5350
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means there are no maximum interest cap, if sibor keep getting higher and higher
I put 150k at step 12 because I bet SIBOR is climbing up lor...
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Old 02-05-2019, 11:04 AM   #5351
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Technically this is right but what’s stopping them from revising it to 60% of SIBOR?

means there are no maximum interest cap, if sibor keep getting higher and higher
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Old 02-05-2019, 11:07 AM   #5352
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Technically this is right but what’s stopping them from revising it to 60% of SIBOR?
They have done that before.
Nothing can stop them.
Either stay with them or jump to their competitor's products.
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Old 02-05-2019, 01:39 PM   #5353
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Technically this is right but whatís stopping them from revising it to 60% of SIBOR?
I believe they'll control the total interest max at around 2.4~2.5%. SIBOR rise too much, they'll reduce the % to balance out.
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Old 02-05-2019, 03:19 PM   #5354
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No point jump, until they nerf it and if other banks really give better offer, which is quite unlikely...

example UOB. Now their bonus interest rate on normal savings account is comparing incremental balance against previous month average balance, and not like last time against Oct/Dec/Feb (always 2 months gap) average balance.
(so I can earn bonus interest rate for this month, next month I won't be able to)

Extract from UOB : Enjoy the freshest rates of up to 1.65% p.a.* interest. Plus, receive S$100 Dairy Farm Group Vouchers* when you deposit at least S$100,000 in Fresh Funds which results in an Incremental Fresh Funds Balance of at least S$100,000 when compared against your previous month’s Monthly Average Balance (MAB).
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Old 02-05-2019, 03:41 PM   #5355
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thank you in this case does it make a difference if we withdraw on 30th when interest is credited or on 1st of following month? based on your tnc seems to have no impact. Just trying to understand if the date really matters
I donít believe that it makes a difference.

Letís go back to the same example and assume that you do not deposit or withdraw any amount before 30th. When the interest was credited and withdrawn on 30th, the lowest balance is still $150,000 in April. And if you repeat the same action in May, the lowest balance is the same.
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